BAL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BAL
Largest movements
- Receivables within one year -€191,409
down €191,409 (-49.3%), from €387,890 to €196,481
of which Trade receivables: -€185,749
- Cash -€15,379
down €15,379 (-77.3%), from €19,895 to €4,517
mainly Other debts (-€211,216) and Advances received (-€95,094)
- Stocks and contracts +€10,746
up €10,746 (+177.6%), from €6,050 to €16,796
- Other debts -€211,216
down €211,216 (-91.2%), from €231,693 to €20,477
- Trade debts +€109,214
up €109,214 (+135.8%), from €80,441 to €189,655
- Advances received -€95,094
no longer reported in 2024 (was €95,094)
- Other operating charges -€4,505
down €4,505 (-90.4%), from €4,984 to €479
- Gross operating margin -€2,536
down €2,536 (-57.2%), from €4,432 to €1,896
- Staff costs +€2,052
no longer reported in 2024 (was -€2,052)
- Financial charges -€481
down €481 (-50.2%), from €958 to €477
- Financial income +€60
up €60 (+8845.6%), from €1 to €61
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,890 | €217,794 | -€196,097 | -47.4% |
| Current assets | 29/58 | €413,890 | €217,794 | -€196,097 | -47.4% |
| Stocks and contracts in progress | 3 | €6,050 | €16,796 | +€10,746 | +177.6% |
| Stocks | 30/36 | €6,050 | €16,796 | +€10,746 | +177.6% |
| Amounts receivable within one year | 40/41 | €387,890 | €196,481 | -€191,409 | -49.3% |
| Trade receivables | 40 | €189,101 | €3,352 | -€185,749 | -98.2% |
| Other amounts receivable | 41 | €198,789 | €193,129 | -€5,660 | -2.8% |
| Cash at bank and in hand | 54/58 | €19,895 | €4,517 | -€15,379 | -77.3% |
| Deferred charges and accrued income | 490/1 | €55 | - | -€55 | |
| Total equity and liabilities | 10/49 | €413,890 | €217,794 | -€196,097 | -47.4% |
| Equity | 10/15 | €6,500 | €7,500 | +€1,000 | +15.4% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,300 | €6,300 | +€1,000 | +18.9% |
| Amounts payable | 17/49 | €407,391 | €210,294 | -€197,097 | -48.4% |
| Amounts payable within one year | 42/48 | €407,391 | €210,294 | -€197,097 | -48.4% |
| Trade debts | 44 | €80,441 | €189,655 | +€109,214 | +135.8% |
| Suppliers | 440/4 | €80,441 | €189,655 | +€109,214 | +135.8% |
| Advances received on contracts in progress | 46 | €95,094 | - | -€95,094 | |
| Taxes, remuneration and social security | 45 | €163 | €163 | = | 0.0% |
| Taxes | 450/3 | €163 | €163 | = | 0.0% |
| Other amounts payable | 47/48 | €231,693 | €20,477 | -€211,216 | -91.2% |
| Remuneration, social security and pensions | 62 | -€2,052 | - | +€2,052 | |
| Other operating charges | 640/8 | €4,984 | €479 | -€4,505 | -90.4% |
| Gross operating margin | 9900 | €4,432 | €1,896 | -€2,536 | -57.2% |
| Operating profit (loss) | 9901 | €1,500 | €1,417 | -€84 | -5.6% |
| Financial income | 75/76B | €1 | €61 | +€60 | +8845.6% |
| Recurring financial income | 75 | €1 | €61 | +€60 | +8845.6% |
| Financial charges | 65/66B | €958 | €477 | -€481 | -50.2% |
| Recurring financial charges | 65 | €958 | €477 | -€481 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €543 | €1,000 | +€457 | +84.3% |
| Profit (loss) for the period | 9904 | €543 | €1,000 | +€457 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €543 | €1,000 | +€457 | +84.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.